China Now Largest Investor Renewable Energies Worldwide
BEIJING, July 3, 2016 (Xinhua) -- A full solar power vehicle is presented during a ceremony held by Chinese renewable energy company Hanergy Holding Group in Beijing, capital of China, July 2, 2016. Hanergy launched four full solar power vehicles at the ceremony on Saturday. (Xinhua/Cai Yang) (wx)[/caption]
The International Energy Agency (IEA) on Wednesday launched its first detailed report of global energy investment, with China singled out for praise. In the first detailed analysis of investment across the global energy system, the IEA reported that global energy investment fell by 8 percent in 2015, with a drop in oil and gas upstream spending outweighing continued robust investment in renewable energies, electricity networks and energy efficiency.
Total investment in the energy sector reached 1.8 trillion U.S. dollars in 2015, down from 2 trillion U.S. dollars in 2014, according to the IEA's World Energy Investment 2016 report. The new annual report provides a compre…
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